Mistras Group (NYSE:MG) Share Price Crosses Above 200-Day Moving Average of $7.85

Mistras Group, Inc. (NYSE:MG)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.85 and traded as high as $9.37. Mistras Group shares last traded at $9.33, with a volume of 57,286 shares changing hands.

Wall Street Analyst Weigh In

Separately, TheStreet upgraded shares of Mistras Group from a “d+” rating to a “c-” rating in a research report on Tuesday, February 27th.

Mistras Group Stock Up 2.9 %

The firm has a market capitalization of $285.88 million, a price-to-earnings ratio of -24.55 and a beta of 1.66. The firm has a fifty day moving average price of $9.13 and a 200 day moving average price of $7.85. The company has a current ratio of 1.55, a quick ratio of 1.42 and a debt-to-equity ratio of 1.01.

Mistras Group (NYSE:MG) last posted its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.07 EPS for the quarter. Mistras Group had a positive return on equity of 6.24% and a negative net margin of 1.59%. The company had revenue of $184.44 million for the quarter.

Insiders Place Their Bets

In related news, EVP Michael J. Lange sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $8.53, for a total value of $42,650.00. Following the completion of the sale, the executive vice president now owns 341,838 shares of the company’s stock, valued at $2,915,878.14. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio lifted its stake in Mistras Group by 157.6% in the third quarter. Public Employees Retirement System of Ohio now owns 4,740 shares of the technology company’s stock valued at $26,000 after buying an additional 2,900 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Mistras Group in the 3rd quarter valued at approximately $53,000. SG Americas Securities LLC bought a new position in Mistras Group during the 4th quarter worth approximately $85,000. Victory Capital Management Inc. bought a new position in Mistras Group during the 4th quarter worth approximately $106,000. Finally, Mackenzie Financial Corp acquired a new position in Mistras Group during the third quarter valued at approximately $76,000. 74.92% of the stock is currently owned by institutional investors.

Mistras Group Company Profile

Mistras Group, Inc provides technology-enabled asset protection solutions in the United States, other Americas, Europe, and the Asia-Pacific. The company offers non-destructive testing services; inline inspection for pipelines; and plant condition management software. It also provides maintenance and light mechanical services, such as corrosion removal, mitigation and prevention, insulation installation and removal, electrical, heat tracing, industrial cleaning, pipefitting, and welding; engineering consulting services primarily for process equipment, technologies, and facilities; and utilizes scaffolding and rope access to access at-height and confined assets.